WASHINGTON — CUNA is keeping open lines of communication inWashington, including with banking regulators.
|CUNA President/CEO Dan Mica and General Counsel Eric Richard metwith FDIC Chair Sheila Bair, a former Treasury official, Jan. 24 atthe regulator/insurer's Washington, D.C. headquarters. Bill Hampel,CUNA's chief economist, explained, “That was just a meet andgreet…nothing in particular. We've met with them before just tomaintain relationships. We agree with the mission of the currentchair and some of the things she's talking about.”
|Bair has recently praised a credit union for its payday loanalternative product. This attitude represents a 180-degree turnfrom previous Chairman Don Powell who recommended taxing creditunions at banker conferences.
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